City of Des Plaines, IL - Contractor License
Competitive Rates
| Bond Amount Required | Bond Term | Annual Premium |
| $20,000 | 1 Year | $100 |
General, demolition, and sewer contractors in the City of Des Plaines, Illinois must post a $20,000 surety bond with the Community and Economic Development Department. Based on the supplied product information, the bond is mandatory for applicable work on city property or within the right-of-way and helps ensure construction activities comply with municipal safety requirements.
Cost of a City of Des Plaines, IL Contractor License Bond
The cost of the $20,000 City of Des Plaines, IL contractor license bond is $100 for a one-year bond term based on the supplied product information. Get your bond from NNA Surety and use it today.
Why You Need a City of Des Plaines, IL Contractor License Bond
The City of Des Plaines contractor license bond helps hold general, demolition, and sewer contractors accountable for complying with applicable licensing, construction, right-of-way, and municipal safety requirements. It provides a financial safeguard when a bonded contractor fails to meet obligations secured by the bond.
The surety bond involves three parties:
- Principal: General, demolition, or sewer contractor
- Obligee: City of Des Plaines, IL
- Surety: Bonding company
If a bonded contractor fails to meet obligations covered by the bond, an eligible claim may be made against the bond. The contractor is responsible for reimbursing the surety for any valid claim amount paid.
How to Get a City of Des Plaines, IL Contractor License Bond
Follow this simple bonding process:
- Complete this bond application with your business and contractor information.
- Pay the $100 annual premium for the $20,000 bond.
- Receive the required bond form and complete any required execution information.
- Submit the bond to the City of Des Plaines Community and Economic Development Department as required for your contractor license and applicable work.
Working with NNA Surety makes it simple to obtain the contractor license bond required for your business.
Apply for Your City of Des Plaines, IL Contractor License Bond Today
Secure your City of Des Plaines, IL contractor license bond and meet the applicable bonding requirements for your business. Apply Now to get started. For more information, call 855-457-2196 to speak to our team of Illinois surety bond experts.